First Madison Bank & Trust

Headquarters

5536 Georgia Highway 72
Colbert, GA 30628
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Madison Bank & Trust is an FDIC insured institution located in Colbert, GA. It was founded in 2005 and has approximately $0.24 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 57898
Date Established 2005
Assets $ 258.31 million
Loans $ 192.83 million
Deposits $ 213.08 million
Capital $ 29.89 million
 

For a more detailed analysis of First Madison Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Madison Bank & Trust

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to First Madison Bank & Trust
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Branches

First Madison Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Madison Bank & Trust Locations


Financial Details

First Madison Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Madison Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Madison Bank & Trust U.S. Bank Average
0.02% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First Madison Bank & Trust had $6,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,890,000 in equity and $6,337,000 in loans loss reserves. That gives it a Texas Ratio of 0.02%.

Return on Equity
First Madison Bank & Trust U.S. Bank Average
16.17% 7.80%

First Madison Bank & Trust has a Return on Equity of 16.17% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Madison Bank & Trust U.S. Bank Average
11.57% 12.68%

First Madison Bank & Trust has a Capitalization of 11.57% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Madison Bank & Trust Balance Sheet Analysis

As of March 31, 2019, First Madison Bank & Trust had assets of $243,692,000, loans of $192,834,000, and deposits of $213,082,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 24.49 million
Interest-bearing balances $ 13.57 million
Total securities N.A.
Federal funds sold and reverse repurchase $ 8.24 million
Net loans and leases $ 192.83 million
Loan loss allowance $ 6.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 10.78 million
     Total Assets $ 213.80 million
LIABILITIES
Total deposits $ 213.08 million
      Interest-bearing deposits $ 173.42 million
      Deposits held in domestic offices $ 213.08 million
      % insured (estimated) 83.52%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.72 million
      Total Liabilities $ 213.80 million
      Shareholders’ Equity $ 44.51 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.27 million
Total Interest Expense $ 0.66 million
Net interest income $ 2.62 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.35 million
Total non interest expense $ 1.39 million
Pre-tax Net Operating Income $ 1.57 million

Bank Loan Profile?

The top three loan types in First Madison Bank & Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Georgia, First Madison Bank & Trust has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.75
Multifamily
Mortgages
1.16
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 19.21
Commercial Real Estate 40.43
Commercial and Industrial Loans 9.67
Farm Loans 0.00

Frequently Asked Questions About First Madison Bank & Trust

Branches and Savings

Is First Madison Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #57898.

Why does First Madison Bank & Trust pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Madison Bank & Trust CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Madison Bank & Trust a commercial bank?

Yes

Where are First Madison Bank & Trust locations?

See branch locations nearby.

Is First Madison Bank & Trust open on Saturdays?

Is First Madison Bank & Trust open on Sundays?

What time does First Madison Bank & Trust open?

What time does First Madison Bank & Trust close?

Are First Madison Bank & Trust ATMs Open 24/7?

Do First Madison Bank & Trust ATMs accept cash deposits?

Can First Madison Bank & Trust customers use other ATMs?

Do First Madison Bank & Trust branches have notaries?

Will First Madison Bank & Trust notarize my document?

What address for First Madison Bank & Trust should I put for incoming ACH transfers?

Will the First Madison Bank & Trust branch print checks?

Do First Madison Bank & Trust checks expire?

Does First Madison Bank & Trust require US citizenship to open account?

Can First Madison Bank & Trust close my account?

Does First Madison Bank & Trust Report to credit bureaus?

Does First Madison Bank & Trust Use Equifax?

What is First Madison Bank & Trust's ACH Routing Number?

What is First Madison Bank & Trust's SWIFT code?

Products

Does First Madison Bank & Trust offer mortgages?

Compare mortgage rates here.

Does First Madison Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Madison Bank & Trust offer personal loans?

Compare personal loan rates here.

Does First Madison Bank & Trust offer student loans?

Will First Madison Bank & Trust cash a check?

Will First Madison Bank & Trust redeem a savings bond?

Does First Madison Bank & Trust cash savings bonds?

Will First Madison Bank & Trust cash money orders?

Can First Madison Bank & Trust issue a money order?

Does First Madison Bank & Trust do currency exchange?

Background on The Bank

Who owns First Madison Bank & Trust?

How long has First Madison Bank & Trust been around?

Can First Madison Bank & Trust transfer to other banks?

Does First Madison Bank & Trust have quick pay?

Does First Madison Bank & Trust accept rolled coins?

Will First Madison Bank & Trust accept loose change?

Where is First Madison Bank & Trust headquarters?

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